Westwood Financial has acquired Trails at 620 from Partners Capital, who originally purchased the Austin property in 2020 as part of a previous investment fund.
Located at 8300 N. Farm to Market 620, Trails at 620 is a retail property spanning over 69,000 square feet on a spacious15-acre lot. The strip mall currently boasts an impressive tenant lineup including Action Behavior Center, AT&T, Freebirds and Green Mango with an occupancy rate of approximately80%.
According to reports from the Austin Business Journal, Westwood Financial is known for its extensive portfolio of over125 similar shopping centers across various markets such as Atlanta, Charlotte,Dallas,Detroit,Jacksonville,Las Vegas,Miami,NashvilleandRaleigh. While this acquisition marks their first venture into the Austin market,the company already owns several properties in Dallas-Fort Worth and Houston.
Partners Capital describes itself as an Outsourced Investment Office that caters to distinguished endowments and foundations,senior investment professionals,and prominent families worldwide.With $60 billion worth of assets under management,it’s no surprise that they were able to facilitate this transaction successfully.
In summary,Austin-based retail center,Trials at 620 has been acquired by Westwood Financial from Partners Capital,a renowned global investment firm with significant assets under management.
